Hitachi (OTCMKTS:HTHIY) Share Price Passes Above Fifty Day Moving Average - Here's Why

Key Points

• Hitachi Ltd. shares recently crossed above their 50-day moving average of $28.69, reaching a trading high of $29.80 before closing at $29.50.
• The company reported a net margin of 6.45% and a return on equity of 10.83% for the last quarter, with earnings per share hitting consensus estimates at $0.29.
• Hitachi has a market cap of $135.12 billion and forecasts an earnings per share of 0.47 for the current fiscal year.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.69 and traded as high as $29.80. Hitachi shares last traded at $29.50, with a volume of 141,909 shares.

Hitachi Trading Up 1.0%

The business has a 50 day moving average of $28.75 and a 200-day moving average of $29.52. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $133.29 billion, a P/E ratio of 10.92, a PEG ratio of 1.32 and a beta of 0.85.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.29 EPS for the quarter, meeting analysts' consensus estimates of $0.29. The firm had revenue of $15.16 billion for the quarter, compared to analyst estimates of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current fiscal year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.